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Calves and feeder cattle sold unevenly during the week, ranging from $3 lower to $3 higher, with prices gaining as futures rallied. Live cattle futures closed about $2.92 higher week to week, and Choice boxed beef rose $3.44 to $203.30 per cwt.
Beef demand was described as strong but showing signs of softening.
Higher boxed beef values and rising futures signal firmer cattle prices, though softening demand could limit further gains.
cattlecurrent.comWLIOct 29, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
